MKT $364$ Operations Management

Case #$1$ Project Management

Southwestern University is constructing a new building and needs to use Project Management techniques to ensure the project stays on schedule and on budget. Use the below charts to solve the questions on the following page.

Activity Description Predecessor$($s$)$

A Bonding, Insurance, tax structuring $-$

B Foundation, concrete footings for boxes A

C Upgrading skybox stadium seating A

D Upgrading walkways, stairwells, elevators C

E Interior wiring, lathes B

F Inspection approvals E

G Plumbing D$,$ F

H Painting G

I Hardware $/$ AC $/$ metal workings H

J Tile $/$ carpet $/$ windows H

K Inspection J

L Final detail work $/$ cleanup I, K

Time Estimates $($Days$)$

Activity Optimistic Most Likely Pessimistic Crash Cost $/$ Day

A $2030401,500$

B $2065803,500$

C $50601004,000$

D $30501001,900$

E $2530359,500$

F $0\mathrm{.}10\mathrm{.}10\mathrm{.}1-$

G $2530352,500$

H $1020302,000$

I $2025602,000$

J $810126,000$

K $0\mathrm{.}10\mathrm{.}10\mathrm{.}1-$

L $2025604,500$